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TheCorporateCounsel

TheCorporateCounsel.net

A basis for research and practical guidance focusing on federal securities laws, compliance & corporate governance.

DealLawyers

DealLawyers.com

An educational service that provides practical guidance on legal issues involving public and private mergers & acquisitions, joint ventures, private equity – and much more.

CompensationStandards

CompensationStandards.com

The “one stop” resource for information about responsible executive compensation practices & disclosure.

Section16.net

Section16.net

Widely recognized as the premier online research platform providing practical guidance on issues involving Section 16 of the Securities Exchange Act of 1934 and all of its related rules.

PracticalESG

PracticalESG.com

Keeping you in-the-know on environmental, social and governance developments

In 2020, the city of Charleston, South Carolina, sued 24 fossil fuels companies. The lawsuit sought to recover damages associated with sea level rise around Charleston,  alleging the companies were negligent in their emission of CO2. Last week, that lawsuit was thrown out when a state circuit court judge dismissed the case. Politico reporting discusses the dismissal:

“In his ruling, Circuit Judge Roger Young sided with Chevron, Exxon Mobil and other oil majors — finding that the city did not have grounds to pursue damages under South Carolina tort law and were preempted from pursuing claims under the Constitution and the Clean Air Act. The decision is the latest blow to efforts by local, county and state governments to hold companies accountable for climate-warming pollution.”

The decision marks a loss for climate plaintiffs. The city of Charleston will decide on August 19 whether it will appeal the decision or stop the litigation. The South Carolina case is similar to a number of other ongoing cases against carbon majors. So far, none of this litigation has resulted in a solid win for plaintiffs, as many cases are still working their way through the judicial system. While the Supreme Court has declined to intervene in similar cases, plaintiffs find mixed results at the state level. The cases are based primarily on state tort law and state law claims, but federal issues loom over the proceedings. Defendants argue federal preemption under the Clean Air Act and even invoke interstate commerce as a defense. The future of climate litigation is uncertain, but Plaintiffs will likely be reviewing the South Carolina decision and further refining their legal strategies.

Members can read more about climate litigation here.

Members also save hours of research and reading time each week by using our filtered and curated library of ESG/sustainability resources covering over 100 sustainability subject areas – updated daily with practical and credible information compiled without the use of AI.

Do you have access to everything PracticalESG has to offer? If not, sign up now and take advantage of our no-risk “100-Day Promise” – during the first 100 days as an activated member, you may cancel for any reason and receive a full refund. But it will probably pay for itself before then.

Are you a client of one of our Partners SourceIntelligence, Kumi, Ecolumix, Elm Consulting Group International or Impakt IQ? Contact them for exclusive pricing packages for PracticalESG.

Practical Guidance for Companies, Curated for Clarity.

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The Editor

Zachary Barlow is a licensed attorney. He earned his JD from the University of Mississippi and has a bachelor’s in Public Policy Leadership. He practiced law at a mid-size firm and handled a wide variety of cases. During this time he assisted in overseeing compliance of a public entity and litigated contract disputes, gaining experience both in and outside of the courtroom. Zachary currently assists the PracticalESG.com editorial team by providing research and creating content on a spectrum of ESG… View Profile